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Pacific Nickel Mines Addresses Delays and Expands Mining

Pacific Nickel Mines Addresses Delays and Expands Mining

Pacific Nickel Mines Limited (AU:PNM) has released an update.

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Pacific Nickel Mines Limited reports operational challenges at the Kolosori Nickel Project, including equipment breakdowns and unseasonal rainfall, delaying the next shipment until late July. Additionally, the company is addressing a discrepancy in nickel ore grade with Glencore and has begun mining high-grade nickel ore at the new Block 11 pit. For the Jejevo Nickel Project, the Environmental Impact Statement has been lodged, with the company aiming to secure development consent and a mining lease by late 2024.

For further insights into AU:PNM stock, check out TipRanks’ Stock Analysis page.

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